David Somo Appointed CEO of Ideal Power, Taking Over from Dan Brdar
New Leadership Appointment: Ideal Power has appointed David Somo as President and CEO, effective November 3.
Successor to Retired CEO: Somo succeeds Dan Brdar, who retired from his position and the Board on November 2.
Previous Experience: Prior to this role, Somo was the President and CEO of Preciseley Microtechnology Corporation.
Board Membership: In addition to his CEO role, Somo has also joined Ideal Power's Board of Directors.
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Ideal Power Announces Financial Results for Q3 2025
Company Overview: Ideal Power Inc. is a developer of the B-TRAN® bidirectional semiconductor power switch, focusing on efficient energy control solutions for various applications, including electric vehicles and renewable energy.
Recent Developments: The company secured a purchase order from Stellantis for custom B-TRAN® devices for electric vehicles and completed the first of five deliverables under this order, while also engaging with a sixth global automaker for potential applications.
Financial Performance: In Q3 2025, Ideal Power reported a net loss of $2.9 million, with cash and cash equivalents totaling $8.4 million, reflecting an increase in operating expenses primarily due to research and development.
Patent Portfolio: Ideal Power holds 97 issued B-TRAN® patents, with 73 pending, covering multiple regions including North America, Europe, and Asia, indicating a strong intellectual property position in the semiconductor market.
Ideal Power to Hold Conference Call for Third Quarter 2025 Results on November 13, 2025, at 10:00 AM ET
Conference Call Announcement: Ideal Power Inc. will hold a conference call on November 13, 2025, at 10:00 AM ET to discuss its third-quarter results for 2025, with a press release to be issued beforehand.
Access Information: Participants can join the call by dialing specific numbers for U.S./Canada or international callers, and an audio replay will be available after the call until November 27, 2025.
Company Overview: Ideal Power specializes in the development of the B-TRAN® bidirectional semiconductor power switch, which offers efficient energy control solutions for various applications, including electric vehicles and renewable energy.
Investor Relations: Interested parties can find more information on Ideal Power's Investor Relations website, where the live webcast and Q&A will also be accessible.
David Somo Named President and CEO of Ideal Power
New Leadership Appointment: Ideal Power Inc. has appointed David Somo as President and CEO, effective November 3, 2025, succeeding Dan Brdar, who retired on November 2, 2025.
Somo's Background: David Somo brings over 30 years of experience in the semiconductor industry, with a strong focus on global sales, marketing, and business development, and has held leadership roles in several prominent companies.
Company's Technology Focus: Ideal Power is commercializing its patented B-TRAN® bidirectional semiconductor technology, which aims to improve efficiency in various applications, including electric vehicles and renewable energy.
Inducement Awards: As part of his appointment, Somo received inducement awards including restricted stock units and performance restricted stock units, aimed at incentivizing his leadership and performance at Ideal Power.
David Somo Named President and CEO of Ideal Power, Succeeding Dan Brdar
New CEO Appointment: Ideal Power Inc. has appointed David Somo as President and CEO, effective November 3, 2025, succeeding Dan Brdar who retired on November 2, 2025.
Somo's Background: David Somo brings over 30 years of experience in the semiconductor industry, having held leadership roles at companies like onsemi and Preciseley Microtechnology Corp., with a strong track record in revenue growth and business development.
Ideal Power Reveals Enhanced Power Rating for Its Discrete B-TRAN® Product
Increase in Power Rating: Ideal Power Inc. has announced a 50% increase in the power rating of its B-TRAN® product from 50 amps to 75 amps, enhancing system power capabilities for customers while potentially reducing the number of devices needed.
Testing and Future Developments: The increased rating is backed by extensive testing, with the product maintaining a design margin tested at up to 150 amps. An announcement regarding an increase in the power rating for the SymCool® power module is expected later this year.
Ideal Power to Present at H.C. Wainwright 27th Annual Global Investment Conference on September 8, 2025
Company Participation in Conference: Ideal Power Inc. will present at the H.C. Wainwright 27th Annual Global Investment Conference in New York on September 8, 2025, with a live webcast available on their Investor Relations website.
About Ideal Power: Ideal Power specializes in the development of the B-TRAN® bidirectional semiconductor power switch, which offers efficient energy control solutions for various applications, including electric vehicles and renewable energy systems.
Ideal Power Announces Financial Results for Q3 2025
Company Overview: Ideal Power Inc. is a developer of the B-TRAN® bidirectional semiconductor power switch, focusing on efficient energy control solutions for various applications, including electric vehicles and renewable energy.
Recent Developments: The company secured a purchase order from Stellantis for custom B-TRAN® devices for electric vehicles and completed the first of five deliverables under this order, while also engaging with a sixth global automaker for potential applications.
Financial Performance: In Q3 2025, Ideal Power reported a net loss of $2.9 million, with cash and cash equivalents totaling $8.4 million, reflecting an increase in operating expenses primarily due to research and development.
Patent Portfolio: Ideal Power holds 97 issued B-TRAN® patents, with 73 pending, covering multiple regions including North America, Europe, and Asia, indicating a strong intellectual property position in the semiconductor market.
Ideal Power to Hold Conference Call for Third Quarter 2025 Results on November 13, 2025, at 10:00 AM ET
Conference Call Announcement: Ideal Power Inc. will hold a conference call on November 13, 2025, at 10:00 AM ET to discuss its third-quarter results for 2025, with a press release to be issued beforehand.
Access Information: Participants can join the call by dialing specific numbers for U.S./Canada or international callers, and an audio replay will be available after the call until November 27, 2025.
Company Overview: Ideal Power specializes in the development of the B-TRAN® bidirectional semiconductor power switch, which offers efficient energy control solutions for various applications, including electric vehicles and renewable energy.
Investor Relations: Interested parties can find more information on Ideal Power's Investor Relations website, where the live webcast and Q&A will also be accessible.
David Somo Named President and CEO of Ideal Power
New Leadership Appointment: Ideal Power Inc. has appointed David Somo as President and CEO, effective November 3, 2025, succeeding Dan Brdar, who retired on November 2, 2025.
Somo's Background: David Somo brings over 30 years of experience in the semiconductor industry, with a strong focus on global sales, marketing, and business development, and has held leadership roles in several prominent companies.
Company's Technology Focus: Ideal Power is commercializing its patented B-TRAN® bidirectional semiconductor technology, which aims to improve efficiency in various applications, including electric vehicles and renewable energy.
Inducement Awards: As part of his appointment, Somo received inducement awards including restricted stock units and performance restricted stock units, aimed at incentivizing his leadership and performance at Ideal Power.
David Somo Named President and CEO of Ideal Power, Succeeding Dan Brdar
New CEO Appointment: Ideal Power Inc. has appointed David Somo as President and CEO, effective November 3, 2025, succeeding Dan Brdar who retired on November 2, 2025.
Somo's Background: David Somo brings over 30 years of experience in the semiconductor industry, having held leadership roles at companies like onsemi and Preciseley Microtechnology Corp., with a strong track record in revenue growth and business development.
Ideal Power Reveals Enhanced Power Rating for Its Discrete B-TRAN® Product
Increase in Power Rating: Ideal Power Inc. has announced a 50% increase in the power rating of its B-TRAN® product from 50 amps to 75 amps, enhancing system power capabilities for customers while potentially reducing the number of devices needed.
Testing and Future Developments: The increased rating is backed by extensive testing, with the product maintaining a design margin tested at up to 150 amps. An announcement regarding an increase in the power rating for the SymCool® power module is expected later this year.
Ideal Power to Present at H.C. Wainwright 27th Annual Global Investment Conference on September 8, 2025
Company Participation in Conference: Ideal Power Inc. will present at the H.C. Wainwright 27th Annual Global Investment Conference in New York on September 8, 2025, with a live webcast available on their Investor Relations website.
About Ideal Power: Ideal Power specializes in the development of the B-TRAN® bidirectional semiconductor power switch, which offers efficient energy control solutions for various applications, including electric vehicles and renewable energy systems.
